XRP Price News: Stabilizes After Early Dip, Traders Eye $2.40 Breakout

XRP experienced a brief dip to $2.19 but quickly stabilized, recovering to $2.33 amid significant institutional buying. Trading volume surged to 246.7 million, indicating strong interest as sellers capitulated near $2.23. This move took place against a backdrop of renewed U.S.–China tariff fears and traders positioning themselves ahead of upcoming SEC deadlines for spot XRP ETFs. Throughout the trading session, XRP fluctuated between $2.19 and $2.35, maintaining key support levels. Analysts noted the recent decline as part of a broader market reaction rather than a sign of structural weakness, underlining that XRP holds vital accumulation spots between $2.23 and $2.25. As traders watch for a breakout above $2.40, attention also turns to potential ETF approvals and Ripple’s $1 billion treasury raise which could influence market dynamics significantly.

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